Move to Speculative Stocks Continues
Still a week to go before regular service resumes. However, a quick look of the markets since my last post points to the rude health of more speculative issues while more conservative 'blue chip' stocks glide sideways. Semiconductors have had an excellent summer. This is a key economic bellwether and points to improved business conditions, helped by cheap copper prices. The burst higher over the early part of last week is consolidating its gains near the large white bar highs. This should also offer a boost to Nasdaq and Nasdaq 100 stocks.